Which of the following statements is not included in the Basis for Opinion section of the standard report?
A)"These financial statements are the responsibility of [the company's] management."
B)"Those standards require that we plan and perform the audit to obtain reasonable assurance…"
C)"…it is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement…"
D)"We believe that our audit provides a reasonable basis for our opinion"

Question

Quizplus · Accepted Answer

The statement about the guarantee of detecting material misstatements is typically included in the Auditor's Responsibility section, not the Basis for Opinion section.

Which of the Following Statements Is Not Included in the Basis